BRVM

We're starting with some good news.

Nigerian equities extended their winning streak this week, while the BRVM also delivered some standout individual performances despite a weaker overall market.

Let's begin in Nigeria with the NGX.

The NGX All-Share Index rose by 0.92% during the week to close at 252,113.41 points.

Importantly, the rally was not limited to just a few companies.

A total of 61 NGX-listed stocks gained during the week, compared with 32 that declined.

Now let's move to the BRVM, where the picture was very different.

The BRVM composite fell by 2.34% to close at 540.78 points.

In Nigeria, the NGX posted a strong rebound.

On the BRVM, the main index slipped slightly, but trading volumes surged.

And across both exchanges, several stocks delivered impressive weekly gains.

Welcome to Markets Talk, the Daba Finance podcast that helps you understand what is moving African markets, why it matters, and what investors should be watching next.

The number of shares traded declined from the previous week, but the total value traded rose sharply.

Financial services accounted for almost 80% of total trading volume.

Now let's move to the BRVM.

The picture was different in the regional West African market.

That partnership has now brought the Nigerian exchange, the NGX, live on to Daba.

giving eligible investors direct access to Nigerian-listed stocks alongside the BRVM.

And almost immediately, that access became even more significant.

The Dangote Petroleum Refinery IPO is opening, and eligible foreign investors can now participate through DABA without needing a Nigerian bank account, a bank verification number, or their own personal CSCS account.

DABA's Nigerian market access is powered by Coronation, whose Coronation Merchant Bank and Coronation Securities are issuing houses on the Dangote Refinery IPO.

So this is a big moment.

DABA users can now access both the BRVM and the NGX from one platform, and one of the first major opportunities available is potentially one of Africa's biggest ever public offerings.

But before we look ahead, let's break down what happened across both markets over the past trading week.